Investors' Soapbox AM

Why You Can Still Dig Offshore Drilling

Credit Suisse says that after a strong 2012, dayrates are moving higher.

December 24, 2012

Credit Suisse

On the back of a strong year for the offshore drillers (up on average 20%-plus versus the PHLX Oil Service Sector up 4%), we can't help but wonder if there will be a rotation away from the drillers and into North American oilfield services (the money has to come from somewhere).